/biz/ - Business & Finance

>>24974452
https://www.macrotrends.net/stocks/charts/X/united-states-steel/eps-earnings-per-share-diluted
Look at EPS for the past 15 years
>pic related
Not good
>also the price going up matters greatly because it will mean that there are fewer customers for steel at such a high markup
You keep saying this. Provide proof for this claim. This isn't politics where if you repeat the lie enough times people will believe you.
Demand for iron and steel in China / Asia is booming.
https://www.mining.com/base-metals-get-supercharged-thanks-to-china-rebound/
>Industrial metals are well on their way to being among the top performers of 2020, supported by red hot demand from China and global supply concerns.
>how did you establish that the underlying relationship between supply and price is linear?
the fuck are you talking about?
they cut production by 7.9%
meanwhile, the price of iron went from $100 to $150-160 (a 50% gain)
Nobody is suggesting that "the relationship is linear"